Price of glass seen to rise by 10% on strong demand

Date: 26 February 2014
Source: www.zawya.com

Date: 26 February 2014

The price of glass is expected to surge this year amid growing demand, an industry leader said.   Abdulaziz Bin Yagub Al Serkal, General Manager of Dubai Investments ( DI ) PJSC, anticipated an increase in the cost of glass in the midst of escalating demand.

"Over the past few years, the increase in the prices was quite unhealthy due to various factors. However, we expect the prices to go up by 7 percent to 10 percent this year due to increase in the cost of raw materials and surging demand across GCC and the international markets," he added.

According to estimates, more than 1,300 construction projects are expected in the UAE alone, valued at approximately $418 billion, while Qatar has seen an exponential rise in infrastructure and construction projects in preparation for FIFA 2022. Across the GCC, another 300 projects worth $143 billion are in the design, planning or bidding states, as per the estimates.

Read more here.

600450 Price of glass seen to rise by 10% on strong demand glassonweb.com

See more news about:

Others also read

Coinciding with the fulfillment of the ARTESUN project´s first year (November), the third Project Meeting took place at Corning headquarters in Avon, France    Funded by the European Comission through its Seventh Framework Programme, ARTESUN Project aims to develop organic photovoltaic solar cells (OPV) through the implementation of three full-scale prototypes.
"Opportunity in the Indian Glass Market - 2014 : Market size, Market share, Market landscape, Market trend analysis, Growth drivers, Future opportunity, Future forecast" provides an insight into the Indian Glass current market scenario, structure and practices.
Dubai Investments (DI) CEO Khalid Bin Kalban has revealed that the Company seeks to examine several expansion opportunities in 2015.
This report was created for strategic planners, international executives and import/export managers who are concerned with the market for nonwired glass sheets of float glass and surface ground or polished glass.
New Business to Support Company's Growing Presence in East and Central African Markets - H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa.
Brazil’s Foreign Trade Chamber (Camex), the federal government’s policy-making body for the sector, has decided to levy definitive antidumping duties on float glass imports from six countries, including Arab countries Saudi Arabia, United Arab Emirates and Egypt.

Add new comment